Category: News
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StanChart dividend yield up to 17pc as bank stocks drop
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Standard Chartered Bank Kenya’s dividend yield rose to 17 percent, as most banks’ share prices fell after closing the final dividend books. Dividend yield shows the rate of cash return by comparing dividends against the current share price, with declining share prices benefiting income-focused investors in companies that maintain or…
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Avoid risky get rich schemes with wealth management planning
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We’re all familiar with get-rich-quick opportunities: the promise of a quick fortune often sounds too good to be true, but many people buy into it anyway. Ponzi schemes, pyramid schemes; Whatever the description, these investment programs carry significant risks, even if they are not readily apparent. The term “get rich…
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Crisis in Palestinian-Run West Bank Clouds Post-War Gaza Hopes
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Breadcrumb links BMN Business The new Palestinian prime minister is a former World Bank executive and has pledged to fight corruption and waste. The Finance Minister worked for PricewaterhouseCoopers. The Ministry of Foreign Affairs is headed by a woman who holds an American doctorate and has deep experience in the…
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Israeli startups raised over $1b in April
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In the first four months of 2024, Israeli startups raised $2.6 billion. Despite the war and the Easter holiday, Israeli startups raised more than $1 billion in April 2024, according to press releases seen by Globes. The number may be higher because some companies prefer to remain hidden and sometimes…
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Dozens arrested in weekend of protests on US campuses By Reuters
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Written by Maria Caspani (Reuters) – Police on Saturday arrested at least 25 pro-Palestinian protesters and evacuated a camp at the University of Virginia, the University of Virginia said in a statement, as American universities brace for more unrest during graduation ceremonies. Tensions have flared on UVA’s Charlottesville campus, where…
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Markets worry Treasury yields could jump back to levels that sparked chaos last October
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and Samhar/Getty Images The yield on 10-year Treasury bonds is hovering below the levels that caused a massive collapse last fall. However, persistent inflation and weak Treasury auctions could boost yields beyond the 5% level. Once this threshold is crossed, investors may experience a sharp correction in stocks. Treasuries may…
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BTIG sees “murky” road ahead for cannabis reclassification (NASDAQ:TLRY)
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Screenshots While the White House’s move to propose reclassifying marijuana as a less dangerous drug would certainly be a huge accomplishment for the cannabis industry, the path to implementation remains “long and opaque,” according to BTIG analysts. In a recent memo, BTIG acknowledged that reports that the Biden administration is…
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Gas stove pollution harms poor and minority Americans the most, study says
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Cooking with gas poses a health risk, but new research shows the risks are not evenly distributed. Scientists at Stanford University, Harvard University, and the Central California Asthma Collaborative found that poor Americans and racial and ethnic minorities are disproportionately exposed to harmful gas stove pollutants. Previous studies have shown…
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Floods destroy lodges, kill animals in the Mara
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Floods in the Masai Mara Game Reserve have caused massive destruction of tourist facilities and the death of many wild animals. The impact of flash floods on a reserve’s ecosystem can be significant, affecting animals through drowning as well as disrupting habitat, food sources and water availability. Giraffes and gazelles…
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Sunak to Allow Oil and Gas Exploration at Offshore Wind Sites
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In a significant move likely to spark controversy, the government is set to allow fossil fuel companies to conduct oil and gas exploration under offshore wind sites for the first time. The announcement, scheduled for Friday, has drawn criticism from environmentalists, who say it signals a departure from the climate…
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A Post-Buffett Berkshire Is Omaha Focus After Munger’s Passing
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Breadcrumb links BMN Business Berkshire Hathaway’s annual meeting on Saturday gave shareholders a glimpse into how the group would operate without Charlie Munger, who died last year at the age of 99. Then came the questions: How would you do without Warren Buffett? Article writer: Bloomberg News Amanda Albright and…
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Israel replaces Patriot with David’s Sling
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Israel’s multi-layered air defense system proved itself last month during Iran’s unprecedented attack, in which it targeted the country with 110 ballistic missiles, 185 drones and 36 cruise missiles. Following the successful interception of all these missiles, the IAF is bidding farewell to the Patriot surface-to-air missile defense systems (SAM),…
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Dead bodies in Mexico likely are missing U.S., Australian surfers By Reuters
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Written by Lizbeth Diaz MEXICO CITY (Reuters) – Three bodies found in the Mexican state of Baja California are likely those of Americans and two Australian tourists who went missing last week, a senior official from the Mexican state of Baja California said on Saturday. Mexican authorities are conducting forensic…
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Warren Buffett pays tribute to Charlie Munger on a ‘tough day’ for shareholders
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New atmosphere in capitalist Woodstock. Berkshire Hathaway’s (BRK-A, BRK-B) annual shareholder meeting on Saturday marked a new era for the Oracle of Omaha, Warren Buffett. It’s the first time for the investing legend without his right-hand man Charlie Munger, who passed away on November 28, 2023, just short of his…
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Warren Buffett cautions against role of AI in scamming people (NYSE:BRK.A)
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G studios Berkshire Hathaway (New York Stock Exchange:BRK.A)(New York Stock Exchange:BRK.B) Chairman and CEO Warren Buffett on Saturday made some cautious words regarding the potential of artificial intelligence (AI). Speaking at the group’s annual shareholders meeting, the veteran investor warned of the role of artificial intelligence in defrauding people He…
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FMAS:24 Session Spotlight – How to Trade the News
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From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast…
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Japan’s child population falls for the 43rd straight year
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The number of children in Japan has fallen to another record low, a stark reminder of the demographic challenges the country faces weighs on The second largest economy in Asia. The number of children ages 14 or younger fell for the 43rd straight year to about 14.01 million as of…
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Goldman Sachs Lifts Bonus Cap for UK Staff, Allowing Earnings up to 25 Times Annual Salary
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Goldman Sachs has announced it will remove the bonus cap for hundreds of senior UK bankers, enabling star employees to receive bonuses of up to 25 times their annual salary. Richard Gnaud, CEO of Goldman Sachs International, revealed the change in a video message to employees, noting that it is…
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Gas Stove Pollution Harms Poor and Minority Americans Most, Study Finds
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Breadcrumb links BMN Business Households with incomes of less than $10,000 per year face twice as much exposure to pollution as households earning more than $150,000. Article writer: Bloomberg News Alicia Clanton Posted on May 4, 2024 • 3 minute read You can save this article by registering for free…
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OECD cuts Israel’s growth forecast
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The Organization for Economic Cooperation and Development says the Israeli economy will grow by 1.9% in 2024 and 4.6% in 2025 in its latest report on the global economy. Before the war, the OECD forecast economic growth of 3.3% this year in Israel. The OECD’s latest forecast is lower than…